Lugui Tillier is the sales manager for Lumx Studios, one of the top cryptocurrency firms in Rio de Janeiro — a city with a burgeoning crypto industry. But for Tillier — who holds dual citizenship between Belgium and Brazil — cryptocurrency is more than a job. It was a passion sparked by a friend, and it
Solana (SOL) experienced a notable 36.6% increase in value between Oct. 30 and Nov. 2. However, SOL’s failure to breach the $44.50 mark resulted in a 10% correction down to $40 on Nov. 6. This movement has left many investors pondering whether the ecosystem growth and network activity support Solana’s present $16.9 billion market capitalization.
Munis were slightly firmer in light secondary trading to start the week, while U.S. Treasuries were weaker and equities ended the trading session up. The two-year muni-to-Treasury ratio Monday was at 69%, the three-year at 69%, the five-year at 70%, the 10-year at 71% and the 30-year at 90%, according to Refinitiv Municipal Market Data’s
Voters in Rhode Island’ will face several local ballot questions Tuesday, mostly for for local school bonds. Rhode Island is in the midst of a state-backed overhaul of its educational facilities, many of which are deemed to be outdated and in need of replacement or renovation, and local officials hoping to tap a state reimbursement
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. OpenAI is launching custom versions of ChatGPT that can be adapted and tailored for specific applications, turning the chatbot interface into a digital platform like iOS or Android. Known as GPTs, the tools can be
Bitcoin’s (BTC) marginal rise of about 1.5% last week suggests that traders are cautious at higher levels but they are not rushing to the exit. The bears have been in hibernation for the past few days but if the rally fails to resume, sellers may try to make a comeback. However, in an uptrend, dips
Fresh signs of a retrenchment among Wall Street firms came Friday with news that Citi CEO Jane Fraser is considering closing the firm’s muni trading and origination business, which some market sources saw as a trial balloon being floated by top executives to test reaction. The potential exit, reported by Bloomberg News, came as a
With a huge airport bond deal potentially on the horizon, Houston Controller Chris Brown is concerned about bringing the debt to the market in the wake of a crackdown by Texas Attorney General Ken Paxton on compliance with state laws prohibiting governmental contracts with companies, including investment banks, that “boycott” or “discriminate” against the fossil
Municipal analysts say K-12 school districts are struggling with lower enrollment, teacher shortages and increased operating costs. With federal COVID aid drying up and other revenues falling, school district budgets are likely to suffer in the coming months and years, said Howard Cure, Evercore Director of Municipal Bond Research. In addition, with growing charter school
Do you love modern contemporary style but crave country ranch life? You’ll find both at a $4.25-million property on 20 acres in California’s Santa Ynez Valley. The sprawling concrete, glass and steel structure was built to capitalize on sweeping views of the surrounding rolling hills and native oak trees. Village Properties The house at 1270
The S&P 500 Index soared 5.85% last week, its best performance since November 2022. A large part of the gains were fuelled by expectations that the Federal Reserve will not hike rates anymore. In comparison, Bitcoin (BTC) had a much muted performance with a rise of approximately 2%. However, a positive sign for cryptocurrency investors
The Biden administration Monday announced $16.4 billion for dozens of infrastructure projects aimed at improving train times and efficiency across Amtrak’s Northeast rail corridor. Biden is set to highlight the investment today during a speech in Delaware. The largest grant, totaling $4.7 billion, goes to Maryland to replace the 150-year-old Baltimore and Potomac Tunnel, considered
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Rafah border crossing between Gaza and Egypt will reopen for evacuations, local officials said on Monday, after a two-day closure following an Israeli strike on an ambulance convoy in the coastal enclave. A spokesman
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump downplayed the importance of the financial statements at the centre of a civil fraud lawsuit as he testified about his finances and business empire in an extraordinary legal and political spectacle. “They were
Minnesota, the “Land of 10,000 lakes.” Minnesota is a state filled with natural beauty, stunning lake country, and delightful towns. We’ve been making the round lately with our studies, analyzing various American states and identifying the richest cities there. Recently, we have covered several states of the Midwest, including the richest cities in Illinois, Michigan,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Adam Neumann and his patrons at SoftBank thought they were building a tech company. WeWork ultimately resembled a bank, saddled with an existentially challenging asset-liability mismatch. On Monday, shares in the US flexible office space
The long-awaited “crypto spring” may be upon us as Bitcoin (BTC) and other cryptocurrency markets rise in anticipation of a full-on bull market. Over the recent crypto winter, many different projects have been growing, gaining users and building new networks. Some of these, like Polygon, are layer-2 (L2) solutions to help scale the primary protocol,
Ether (ETH) price surged by 6.2% from Nov. 3 to Nov. 5, but the altcoin faces difficulty in breaking the $1,900 resistance. Despite the current bullish trend, Ether’s 17% return over the last 30 days falls short of Bitcoin’s (BTC) impressive 27% gain during the same period. Regulatory hurdles and ecosystem centralization critiques linger Analysts
The Florida Legislature’s special session began Monday with lawmakers looking for ways to help residents cope with the rising costs of property insurance. Lawmakers will meet through Nov. 9 and will also debate ways to provide more help for the victims of Hurricane Idalia, fight anti-Semitism and bolster support for Israel while broadening sanctions against
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Students from outside the EU at universities in the UK are much less likely to obtain top grades than their British counterparts, according to data that will add to pressure on institutions accused of putting
Telegram Wallet, a major Telegram bot allowing users to buy and sell cryptocurrencies like Bitcoin (BTC), has chosen custody over self-custody to chase easier onboarding goals, according to a senior executive. In July 2023, crypto-friendly Telegram messenger officially announced the integration of the custodial crypto wallet, Telegram Wallet, to allow users to access the wallet